The Daily times. [volume] (Richmond, Va.) 1886-1889, 1887-04-02
TERMS OF THE u. AND o. SALE.
satisfactory End Of Negotiations - The
Deal" Now said To be u Fixed Fact.

Deal" Now said To be u Fixed Fact.
The following is taken from yester-
days Baltimore Sun.
The statements made concerning the
Baltimore and Ohio Railroad deal were
Yesterday of a more positive character
than st any time since the report of the
negotiations 10 that end became public.
II was said that the settlement of the
terms for the sale of a controlling inter
est I'm the stock of the company to a syn
dictate is now fixed fact. and that
the deal is assured. The uego-
dations have been carried on through
the lves-Stayner party, who took
an option from Mr. Garrett and
have paid considerable sum Of
money II is announced withequal posi-
tiyeness that their Investigation of The at
fairs Of the railroad company has been
satisfactory 10 them. and that they have
succeeded in organizing the syndicate OF
purchasers Tho the capitalists OF what
the interests are that have backed up
Messrs. Ives and StaYner can as yet only
be surmised except that the Cincinnati
Hamilton. and Dayton railroad is no
doubt I'm the deal for q share. Mr. Robert
Garrett is also said 90 De prominent fac
tor in the syndicate Now that the prin-
cipal fact is believed tO De established that
q deal has been made. the interest VIII
be directed 90 the authorized statement OF
the details which has been promised
by President Garrett 10 is the eN-
PRESSED opinion of those friends of the
Baltimore and Ohio who have been near
est tO The inside In these secret neg0tia-
ti0n- that the change in the managing
ownership of the company cannot Doe
otherwise than advantageous t0 that prop
crtv lts control has always been in
feW hands I'm this city, and 10 bad but
few interested friends among capitalists
elsewhere Therefore ii- movements TOE
ward development on spreading ont DOB
any new direction. have been constantly
antag0nizcd impeded 0r thwaucd With
thc new order of things outside capital
viii Lc brought into the property chat
will seek t0 help and not retand its pro-
rress Important announcements are
said 20 be- promised very soon
President Garret returned home from
New York 40 o'clock last evening and
drove at once t0 bis residence. on No.
Nprnon Place SIR " g. Boone. of The
N.,. yor, MARTY v.o rana here with
Ne..r. IVES and Smyner AL the inst
conference had With Nr Garrett cou-
nle of weeks ago. was registered at ihe
rJo,.i Rennert Yesterday
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